M&B Engineering Q2 FY27 Results: Consolidated Net Profit ₹28.80 Crore on Total Income of ₹387 Crore
- Earnings
- pre-engineered buildings
Reviewed byKeshav SehgalBlacklitt Research
M&B Engineering (NSE: MBEL) reported consolidated total income of ₹387.18 crore and net profit of ₹28.80 crore for the quarter ended 30 Sep 2026, it said in a filing on 05 Nov 2026. Standalone total income was ₹331.26 crore and standalone net profit ₹25.10 crore.
Key highlights
Consolidated
Including its subsidiaries
- Total income: ₹387.18 crore, up 25.2% YoY and 40.2% QoQ
- Net profit and EPS: ₹28.80 crore, up 29.7% YoY; basic EPS ₹5.12
- Profit before tax: ₹35.94 crore, up 24.9% YoY
- Finance costs: ₹3.13 crore, down 28.2% YoY
Standalone
The company on its own, without its subsidiaries
- Total income: ₹331.26 crore, up 25.9% YoY and 22.7% QoQ
- Net profit and EPS: ₹25.10 crore, up 36.3% YoY; basic EPS ₹4.33
- Profit before tax: ₹33.45 crore, up 39.8% YoY
- Tax expense: ₹8.35 crore, up 51.6% YoY
Summary
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 387.18 | 309.18 | +25.2% | 276.18 | +40.2% | |
| Revenue from operations | 384.67 | 306.85 | +25.4% | 291.10 | +32.1% |
| Other income | 2.51 | 2.33 | +7.7% | 5.08 | -50.7% |
| 28.80 | 22.20 | +29.7% | 21.90 | +31.5% | |
| Profit before tax | 35.94 | 28.77 | +24.9% | 29.27 | +22.8% |
| Finance costs | 3.13 | 4.36 | -28.2% | 2.80 | +11.7% |
| Depreciation | 4.21 | 3.68 | +14.5% | 3.69 | +14.3% |
| Tax expense | 7.14 | 6.57 | +8.7% | 7.37 | -3.0% |
| Net profit margin | 7.44% | 7.18% | +0.26 pp | 7.93% | -0.49 pp |
| EPS, basic (₹) | 5.12 | 4.07 | +25.8% | 3.75 | +36.5% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Net profit grew faster than total income on a year-earlier basis: profit rose 29.7% against 25.2% for total income. Revenue from operations rose 25.4%, while other income rose only 7.7% and was 0.6% of total income this quarter.
Finance costs fell 28.2% YoY to ₹3.13 crore, which is 0.8% of total income. The filing does not explain the fall in finance costs.
Against the previous quarter, total income rose 40.2% and net profit 31.5%, so profit grew more slowly than income on that comparison. Tax expense of ₹7.14 crore is 19.9% of consolidated profit before tax of ₹35.94 crore.
| Particulars | Q2 FY27 | Q2 FY26 | YoY | Q1 FY27 | QoQ |
|---|---|---|---|---|---|
| 331.26 | 263.01 | +25.9% | 270.05 | +22.7% | |
| Revenue from operations | 328.34 | 260.20 | +26.2% | 264.70 | +24.0% |
| Other income | 2.92 | 2.81 | +3.7% | 5.35 | -45.4% |
| 25.10 | 18.42 | +36.3% | 14.64 | +71.4% | |
| Profit before tax | 33.45 | 23.93 | +39.8% | 19.47 | +71.8% |
| Finance costs | 3.06 | 4.34 | -29.6% | 2.77 | +10.3% |
| Depreciation | 4.21 | 3.66 | +15.2% | 3.68 | +14.6% |
| Tax expense | 8.35 | 5.51 | +51.6% | 4.83 | +73.1% |
| Net profit margin | 7.58% | 7.00% | +0.57 pp | 5.42% | +2.15 pp |
| EPS, basic (₹) | 4.33 | 3.38 | +28.1% | 2.49 | +73.9% |
Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.
Standalone net profit was ₹3.70 crore below the consolidated figure, and the consolidated figure rose more slowly year on year (29.7% against 36.3%). Standalone other income of ₹2.92 crore is 8.7% of profit before tax of ₹33.45 crore.
Against the previous quarter, standalone net profit rose 71.4% and total income 22.7%, a faster rise in profit than in income.
The company says it remains confident of delivering over 25% revenue growth in FY27 and targets over 20% CAGR over the next three to four years. It reports orders on hand of ₹1,109 crore as on 30 Sep 2026 and Q2FY27 order inflows of ₹441 crore.
The filing says the Phase I brownfield expansion at Sanand has commenced commercial production, adding 20,000 MTPA of capacity. The company is in Capital Goods and had a market value of ₹1,484 crore at the 04 Nov 2026 close, per Blacklitt's data.
Inference
The board approved the results on 5 Nov 2026 and the statutory auditors, Talati & Talati LLP, issued a review report with no qualification. The company's shareholders approved a final dividend of ₹1 per share for FY 2025-26 at the AGM on 17 Sep 2026, a dividend payable of ₹5.72 crore.
Net IPO proceeds of ₹259.32 crore were available for utilisation, with ₹104.05 crore unutilised as on 30 Sep 2026. The filing does not say when the remaining proceeds will be used.
Filed with BSE on . Reference: Original filing (PDF)
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